Nike

2389.099 - 2408.147 Ben Gilbert

And what he's talking about here is the technical definition of equity. The book value of equity. Right. Your total assets minus your total liabilities is your equity. And in many cases, you can sort of squint at this if you don't have a lot of liabilities or a lot of debt on your books and say, okay, so it's basically like the cash in the bank. It's the assets you have on hand as your equity.